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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AerSale Corporation | NASDAQ:ASLE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.18 | 2.54% | 7.28 | 6.71 | 7.37 | 7.40 | 7.14 | 7.18 | 278,419 | 22:16:11 |
BATON ROUGE, La., Nov. 17, 2021 /PRNewswire/ -- Prescience Point Capital Management, a research-focused, catalyst-driven investment firm that seeks to earn superior risk-adjusted returns uncorrelated to the broader market, today reiterated its Strong Buy recommendation on AerSale Corporation (Nasdaq: ASLE) ("AerSale" or "the Company") and expressed confidence in its price target of $47.00.
A copy of Prescience Point's new research report on AerSale, a leading provider of aftermarket aircraft services and equipment, can be found HERE.
Following the release of AerSale's Q3 2021 earnings report on November 9th, Prescience Point continues to believe that AerSale is one of the most attractive and obvious investments that it has ever seen. Despite the delay of key catalysts related to AerAware to early next year, the Company is still on track to generate a run-rate of around $2.00 of adjusted EPS, on a fully diluted basis, by the end of 2022, which is more than double what it is projected to earn in 2021.
"We are even more confident in our investment in AerSale today than we were prior to the Q3 earnings report," said Eiad Asbahi, Founder and Portfolio Manager of Prescience Point. "For the reasons noted in our latest report, we reiterate our Strong Buy recommendation and price target of $47, and we continue to believe that the Company's shares will eventually exceed $100 over the long-term," he added.
Mr. Asbahi noted that information provided by AerSale management in the Q3 earnings report confirmed or strengthened most of the key points of Prescience Point's long-term thesis, specifically:
DISCLAIMER
This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press release are for general information only and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are "forward-looking statements," which are not guarantees of future performance or results, and the words "anticipate," "believe," "expect," "potential," "could," "opportunity," "estimate," and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this press release that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this presentation in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Prescience Point disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate.
About Prescience Point Capital Management
Prescience Point Capital Management is a research-focused, catalyst-driven investment firm that seeks to earn superior risk-adjusted returns uncorrelated to the broader market. Unlike traditional investment strategies, we are unconstrained and can opportunistically invest globally, across asset classes, industry verticals and capital structures. Whether investing in misunderstood distressed assets, creating value through shareholder activism, or uncovering fraud, we seek to capitalize on opportunities that others miss or fall outside the rigid mandates of most investment firms.
Our uniqueness resides in our unconventional thinking, deep research, intellectual curiosity and willingness to go against the prevailing wisdom.
The firm was founded by investor Eiad Asbahi in 2009 and is headquartered in Baton Rouge, LA.
For more information please visit www.presciencepoint.com or follow @PresciencePoint.
Prescience Investment Group, LLC is a member of the Financial Industry Regulatory Authority, CRD number 152721.
View original content:https://www.prnewswire.com/news-releases/prescience-point-capital-management-reiterates-strong-buy-recommendation-on-aersale-corporation-and-maintains-price-target-of-47-301426726.html
SOURCE Prescience Point Capital Management
Copyright 2021 PR Newswire
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